London Contractors Discussion Group
Carla Louisse
Added 9 hours agoCMHC reports annual pace of housing starts in April down 1% from March
The Canada Mortgage and Housing Corporation (CMHC) announced that the annual pace of housing starts in April saw a slight decrease of one per cent compared to March. The seasonally adjusted annual rate of housing starts was 240,229 units for April, d…
Carla Louisse
Added 10 hours agoJudge says construction on massive CN Rail hub can continue — for now
Construction on a massive rail-and-truck hub in the Greater Toronto Area can proceed for the time being, according to a ruling from the Federal Court of Appeal. The future of the $250-million Canadian National Railway Co. (CN) terminal in Milton, Ont…
Carla Louisse
Added 10 hours agoCanadian banks directed over US$100 billion to oil and gas last year
Canadian banks provided nearly US$104 billion in funding to fossil fuel projects last year, according to the latest Banking on Climate Chaos report. This funding comes despite the urgent need to reduce emissions and combat climate change.The report,…
Carla Louisse
Added 11 hours ago'A steadfast champion of Atlantic Canada': Oil executive Arthur Irving dies at age 93
Arthur L. Irving, a prominent figure in the Canadian oil industry, passed away at the age of 93. Irving Oil announced his death, stating that he died on Monday, surrounded by his wife, Sandra, and daughter, Sarah.Arthur Irving, the second son of New…
Carla Louisse
Added 11 hours agoCanada's economy faces 'mismatch' between employers and newcomers
Canada's economy is experiencing a significant mismatch between employers and newcomers, according to Susan Black, president and CEO of the Conference Board of Canada. In a recent interview, Black highlighted a growing concern: while small and medium…
Carla Louisse
Added 12 hours agoBuilding Permit Tips for Homeowners: What You Need to Know in Canada
When you decide to undertake a home renovation or construction project in Canada, navigating the labyrinth of building regulations and permits can be daunting. However, understanding the process and requirements for obtaining a building permit is ess…
Carla Louisse
Added 13 hours agoAll About LED Bulbs and Why its time to make a switch!
In the world of lighting, a bright revolution is taking place, and it's all about LED bulbs. Light Emitting Diodes, or LEDs, have become the go-to choice for illumination in homes, offices, and public spaces. This shift is not just about following tr…
Carla Louisse
Added a day agoToronto businessman Tanenbaum in talks to buy French soccer club Saint-Etienne
Toronto businessman Larry Tanenbaum is in exclusive talks to purchase the storied French soccer club Saint-Étienne, according to an announcement by the club on Monday. The full acquisition is expected to be finalized within a few weeks, just as the t…
Carla Louisse
Added a day agoHydro One reports $293M Q1 profit, up from $282M a year earlier
Hydro One Ltd., Ontario's largest electricity transmission and distribution provider, announced a significant increase in its first-quarter profit compared to the previous year. The company reported a net income of $293 million, or 49 cents per dilut…
Carla Louisse
Added a day agoRoaring Kitty has meme stocks roaring for second day
The excitement surrounding meme stocks has surged for the second day in a row, driven by the return of Keith Gill, famously known as Roaring Kitty. Stocks like GameStop and AMC, which gained fame during the 2021 Reddit-fueled trading frenzy, are once…
Carla Louisse
Added a day agoCanada should boost mortgages with longer terms, Desjardins says
Canada should introduce more mortgages with longer renewal terms, says Desjardins, the country's largest financial co-operative. According to a report released on Monday, offering more 10-year mortgage options could help households manage "payment sh…
Carla Louisse
Added 2 days agoSellers re-entering the housing market, buyers continue to be constrained
Canada's major housing markets are beginning to show signs of recovery, but a full rebound is unlikely until interest rates drop significantly, according to Robert Hogue, assistant chief economist at RBC. In a report released Tuesday, Hogue noted tha…
Carla Louisse
Added 2 days agoAvoid These Common Mistakes in Home Renovation Business
Embarking on a home renovation project can be both thrilling and daunting. Whether you're sprucing up your own residence or helping others transform their spaces, the journey is riddled with potential pitfalls. As a home renovation professional, stee…
Carla Louisse
Added 2 days agoAnt Invasion: Natural Remedies to Protect Your Home and Garden
Ants, those tiny yet formidable creatures, have a knack for invading spaces where we least want them—our homes and gardens. Whether they’re scurrying across kitchen countertops or constructing elaborate tunnels in our flower beds, their presence can…
Carla Louisse
Added 2 days agoNFI Group wins contract with NJ Transit for up to 1,300 transit buses
NFI Group Inc., a leading Canadian bus manufacturer, has won a significant contract with New Jersey Transit Corp. (NJ Transit) to supply up to 1,300 of its Xcelsior transit buses. The initial firm order includes 175 buses, with an option to purchase…
Carla Louisse
Added 2 days agoFire officials worry wind could push wildfire into B.C. town today
A raging wildfire, driven by strong winds, could strike Fort Nelson this morning, warns Ben Boghean, a fire behaviour specialist with the B.C. Wildfire Service. The Parker Lake wildfire, already 53 square kilometres in size, is just two kilometres no…
Carla Louisse
Added 2 days agoCanada's Trudeau backs away from tax threat on apartment owners
The government of Prime Minister Justin Trudeau has backed away from a proposed tax change targeting real estate investment trusts (REITs) in Canada. This decision came after significant opposition from the real estate industry, which argued that suc…
Carla Louisse
Added 2 days agoBank of Montreal cuts more U.S. investment bankers in drive for savings
The Bank of Montreal (BMO) is making further cuts to its U.S. investment banking unit, including the dismissal of at least two managing directors. This move is part of a broader effort to reduce costs, according to sources familiar with the matter.Th…
Carla Louisse
Added 2 days agoKevin O'Leary shares financial advice on Morning Markets
Kevin O'Leary, the chairman of O'Leary Ventures and a well-known Canadian businessman and TV personality, shared his financial insights on the latest episode of Morning Markets. In a conversation with Jon Erlichman, O'Leary discussed a range of topic…
Carla Louisse
Added 3 days agoLuxury Living Redefined: Exploring the Latest Real Estate Market Trends
Step into the enchanting world of luxury living, where every detail is meticulously designed to cater to your desires, and the location speaks volumes about your refined taste. If you're someone who revels in the art of opulent living, you're in for…
Carla Louisse
Added 3 days agoSeasonal Pest Control Checklist for Homeowners: What to Do in Spring, Summer, Fall, and Winter
As the weather shifts from one season to another, different kinds of pests come knocking on our doors. When it's warm, ants often parade into our homes, while in the cold, mice scurry inside seeking warmth. These pests don't care about the time of ye…
Carla Louisse
Added 3 days agoPremium Brands reports $6.3M Q1 profit, up from $5.9M a year ago
Premium Brands Holdings Corp., a Canadian specialty food company, has reported a rise in its first-quarter profit compared to the same period last year. The company disclosed a profit of $6.3 million for the first quarter of this year, marking an inc…
Carla Louisse
Added 3 days agoDoubts grow over June interest rate cut after big gains seen in jobs report
Speculations regarding a potential interest rate cut by the Bank of Canada in June have dwindled following a remarkable surge in employment figures, as revealed by the latest report from Statistics Canada.Last month, employment skyrocketed by an impr…
Carla Louisse
Added 3 days agoAlgonquin Power & Utilities names Chris Huskilson as CEO, reports Q1 loss
Algonquin Power & Utilities Corp. has appointed Chris Huskilson as its new chief executive officer while revealing a loss in its most recent financial quarter. Huskilson, who has served as interim CEO since August 2023, now takes the helm of the comp…
Carla Louisse
Added 3 days agoTSX at all-time highs, Canada jobs number surpasses expectations
The Toronto Stock Exchange (TSX) hit record highs recently, marking a milestone in Canada's financial landscape. After a period of trailing behind U.S. markets, particularly in the tech sector, the TSX has surged ahead, showing nearly a 20% increase…